Russian Ruble RUB

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The story of the Russian ruble denomination after the collapse of the USSR is a complex one. Following the dissolution of the Soviet Union in 1991, Russia faced significant economic challenges, including hyperinflation and instability in its currency.
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In 1992, the Russian government introduced the new Russian ruble (RUB) to replace the Soviet ruble (SUR). Initially, the new ruble was equivalent to 1,000 Soviet rubles. This was a necessary step to establish a separate currency for the newly independent Russia and to stabilize its economy.
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However, economic turmoil persisted, and Russia experienced further currency devaluation and inflation throughout the 1990s. In 1998, Russia faced a severe financial crisis, prompting the government to undertake another currency reform. This reform involved redenominating the ruble at a ratio of 1 new ruble to 1,000 old rubles.
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